1832 N Central Park Avenue
Chicago, IL 60647

Status: Sold
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $665,000

About this home

Updated, legal, all brick 3 flat offering a 7%+ cap rate just steps to The 606! Offering individual central heat, central AC, in-unit laundry, and private outdoor space with each unit, this property is always in demand and has experienced virtually zero days of vacancy in the last 7 years. The english garden unit is a 2Br/1Ba with huge windows and the highest ceilings in the building. The middle and top floors are both 3Br/1Ba units. All units have comparable finishes and are in comparable condition. All units are presently rented and generate $58, 500 annually in gross income. These rents are below fair market value due to all tenants being long-term and extremely high quality. The building has been maintained and repaired annually, and is ready for its next owner. In addition to the private outdoor spaces, the property also has shared front and back yard areas, as well as a 2 car garage (each space is rented by one of the tenants in the building). All units are on separate utility meters and tenants pay all utilities except water. Incredible Logan Square location less than 1/2 block to The 606. Easy access to the Armitage corridor for dining and nightlife, and all the activities Logan Square and Humboldt Park have to offer.

Property details

Property / Lot Details
Acreage 0.07
Deconversion N
Lot Dimensions 25 X 126
Lot Size Less Than .25 Acre
NewConstructionYN 0
Ownership Fee Simple
Property Type Two to Four Units
Type Unit 3 Flat
Number Of Units in Building 3
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1906
Parking and Garage Spaces 2
Exterior Building Type Brick
Exterior Property Features Deck
Garage Details Garage Door Opener(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2014
MRD Virtual Tour None
Virtual Tour Date 09/27/2021 7:42 pm
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Logan Square
Zoning Type MULTI
Corporate Limits Chicago
Directions North of the Bloomingdale Trail (The 606); South of Cortland St; West of St. Louis Ave. and East of Lawndale Ave.
Elementary School Mcauliffe Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle School Mcauliffe Elementary School
Jr High/Middle Dist 299
Township West Chicago
Waterfront 0
Interior Features
Basement Description None
Basement Bathrooms No
Basement None
Bedrooms Count 8
Bedrooms Possible 8
Bedrooms (Below Grade) 0
Baths Count 3
Full Baths in Building Count 3
Half Baths in Building Count 0
Total Rooms 20
Units
unit 1
Appliances/Features Unit 1 Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Hardwood Floors
Beds Total 2
Number Full Baths-Unit 1 1
Baths Total 1
Lease Exp Date (Mo/Yr) - Unit 1 04/22
Number Of Rooms - Unit 1 6
Actual Rent 1490
Sec Deposit $ - Unit 1 0
Tenant Pays - Unit 1 Electric,Gas
Floor Number - Unit 1 1
Number Half Baths-Unit 1 0
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1800
Appliances/Features Unit 2 Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Hardwood Floors
Number Full Baths-Unit 2 1
Lease Exp Date (Mo/Yr) - Unit 2 08/22
Number Of Rooms - Unit 2 7
Sec Deposit $ - Unit 2 0
Tenant Pays - Unit 2 Electric,Gas
Floor Number - Unit 2 2
Number Half Baths-Unit 2 0
unit 3
Beds Total 3
Baths Total 1
Actual Rent 1600
Appliances/Features Unit 3 Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Hardwood Floors
Number Full Baths-Unit 3 1
Lease Exp Date (Mo/Yr) - Unit 3 06/22
Number Of Rooms - Unit 3 7
Sec Deposit $ - Unit 3 0
Tenant Pays - Unit 3 Electric,Gas
Floor Number - Unit 3 3
Number Half Baths-Unit 3 0

Financials

Financing Conventional
Investment Profile Residential Income

Tax/Assessments/Liens

Multiple Pin Numbers 0
PIN 13353140230000
Special Assessments N
Taxes $8,090
Tax Exemptions None
Tax Year 2019
$665,000 Listing Price:
MLS # 11163287
Investment Profile Residential Income
Listing Market Time 60 days
Basement None
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 07/29/2021
Year Built 1906
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